Fujiyama Power Systems Limited announced its financial results for the second quarter and half-year ended September 30, 2026. The company reported a significant 130.1% year-on-year growth in revenue from operations for Q2 FY27, reaching Rs. 13,068 million. EBITDA also saw a substantial increase of 116.4% YoY to Rs. 2,229 million, with a margin of 17.1%. The company also highlighted key business developments including commissioning of new manufacturing capacities.
Q2 and H1 FY27 Financial Performance Highlights
Fujiyama Power Systems Limited has announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company reported robust performance driven by strong demand and capacity expansions.
Quarterly Performance (Q2 FY27 vs Q2 FY26)
- Revenue from Operations: Rs. 13,068 million, a growth of 130.1% year-on-year.
- EBITDA: Rs. 2,229 million, an increase of 116.4% year-on-year.
- EBITDA Margin: 17.1% (compared to 18.1% in Q2 FY26). The company noted that margin moderation was due to lower sales realisations to drive higher volumes.
- Reported PAT: Rs. 1,329 million, a growth of 111.2% year-on-year.
- Normalised PAT Margin: 10.2% (compared to 11.1% in Q2 FY26).
Half-Yearly Performance (H1 FY27 vs H1 FY26)
- Revenue from Operations: Rs. 26,525 million, a growth of 127.6% year-on-year.
- EBITDA: Rs. 4,777 million, an increase of 128.7% year-on-year.
- EBITDA Margin: 18.0%.
- Normalised PAT: Rs. 2,981 million, with a margin of 11.2%.
Key Business Developments
The company highlighted several significant business developments during the period:
- Commissioned 2 GW Power Electronics manufacturing capacity at Ratlam in Q2 FY27.
- The 3 GWh Lithium-ion battery manufacturing capacity at Ratlam is expected to be commissioned in the coming quarters.
- Setting up a 1.2 GW solar cell manufacturing facility at Ratlam, expected to be commissioned by Q1FY28.
- Setting up a 1 GWh tubular battery manufacturing facility at Hathras, Uttar Pradesh, expected to be commissioned by Q3FY27. This facility replaces the capacity damaged in a fire incident in May 2026.
Company Outlook
Mr. Pawan Kumar Garg, Chairman and Joint Managing Director, commented on the company’s performance, stating that the quarter marked further progress in manufacturing expansion and backward integration. He noted the favourable demand environment for residential rooftop solar and power backup solutions. The company’s focus remains on ramping up manufacturing capacities, expanding distribution, and strengthening backward integration to provide dependable, high-quality solar and energy solutions.
Earnings Conference Call Details
Fujiyama Power Systems will host an Earnings Conference Call to discuss the Q2 and H1 FY27 results. The call is scheduled for Tuesday, November 10, 2026, at 12:00 PM IST. Details for joining the call, including universal access numbers and toll-free numbers for various regions, are provided in the press release.
Source: BSE
